SHORE BANCSHARES INC (SHBI) Technical Analysis
NASDAQ:SHBI • US8251071051
Current stock price
SHBI Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to SHBI. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, SHBI did better than 75% of all other stocks. On top of that, SHBI also shows a nice and consistent pattern of rising prices.
- SHBI is one of the better performing stocks in the Banks industry, it outperforms 76% of 376 stocks in the same industry.
- SHBI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SHBI is lagging the market slightly.
- In the last month SHBI has a been trading in the 18.80 - 20.28 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SHBI Weekly and Daily overview Charts
SHBI Setup Rating and Analysis
Besides having an excellent technical rating, SHBI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 20.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.88, a Stop Loss order could be placed below this zone.
More info and screens
SHBI Support and Resistance Analysis
13.30
When analyzing the support we can see 5 important areas.
- A support zone ranging from 18.59 to 18.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.16 from a trend line in the daily time frame.
- A support zone ranging from 17.41 to 17.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.18 from a horizontal line in the daily time frame.
- Support @13.43 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.33 to 20.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
SHBI Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SHBI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHBI is neutral. |
| ChartMill Relative Strength | 75.27 | POSITIVE | SHBI has a high relative strength, it outperformed 75.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHBI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SHBI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.95 | NEUTRAL | The RSI value for SHBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SHBI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.72 | NEUTRAL | The Stochastics value for SHBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for SHBI suggests some volalility. |
| Average Directional Index/ADX (14) | 11.61 | NEGATIVE | The low ADX value for SHBI suggests a weak or negative trend. |
SHBI Chart- and CandleStick Pattern Analysis
SHBI Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.39 | 18.87 | 1.53 (7.48%) | 13.37% |
| An entry @20.39. This is a Buy Stop order right above the resistance zone. | An exit @18.86. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.53 points, which is 7.48%. | For a 1.00% total portfolio risk, you can invest 13.37% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SHBI Technicals: Chart, Performance Metrics, Trend & Indicators
19.5
+0.2 (+1.04%)
SHORE BANCSHARES INC / SHBI TA FAQ
What is the technical rating for SHBI stock?
ChartMill assigns a technical rating of 7 / 10 to SHBI.
Can you provide the trend direction for SHORE BANCSHARES INC?
The current trend direction for SHORE BANCSHARES INC (SHBI) is Bullish.
What is the RSI signal for SHORE BANCSHARES INC (SHBI) stock?
SHORE BANCSHARES INC (SHBI) has an RSI value of 55.9502. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SHORE BANCSHARES INC?
The MACD indicator for SHORE BANCSHARES INC (SHBI) has a value of -0.0300015, indicating a bearish trend.
Can you provide the short term momentum for SHORE BANCSHARES INC?
The short term momentum for SHORE BANCSHARES INC (SHBI) is neutral.